Lavonne's research most likely recognizes which of the following drivers of market globalization as responsible for the company'
s expansion to Japan? A) integration of world financial markets
B) modernization
C) adoption of free markets
D) reduction of barriers to investment
Globalization Debate (Scenario)
In his international business class, Professor Jang organizes a debate on the societal effects of market globalization. Juan Prince takes a position that highlights the negative effects of market globalization. He emphasizes how multinational enterprises can wield so much influence that they threaten national sovereignty. He also notes the prevalence of low wages and sweatshop conditions as firms utilize low-cost labor abroad. Juan then describes the detrimental effects of corporate pollution on the environment, and he ends his argument by explaining how market globalization helps shift cultures to a universal norm. Rina Taylor is assigned to counter Juan's position.
Lavonne's research focused on the expansion of Japanese banks into other Asian countries. Japan has several big banks due to its large economy and extremely high savings rate. This was possible because world financial markets are becoming more integrated, and not Japanese banks are constantly expanding, Chinese banks are virtually invading developing countries, since the four largest banks in the world are Chinese (Industrial & Commercial Bank of China, China Construction Bank Corp, Agricultural Bank of China, and the Bank of China), and they keep constantly growing and expanding.
